Overview
What is Parks Foundation Of Oak Park?
The Parks Foundation of Oak Park is a community-focused nonprofit organization situated in Oak Park, Illinois. With a mission to collaborate with local residents, community groups, and partner organizations, they strive to support exceptional and extraordinary projects that enhance the parks and community life in the area. Specifically, their current focus is on contributing to the construction of the Oak Park Park District's Community Recreation Center. This foundation serves as a vital catalyst for projects that positively impact the community, fostering a sense of unity and progress within Oak Park.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Parks Foundation of Oak Park has received an impressive 90% rating from Charity Navigator, which signifies a high level of accountability and financial health. This rating is derived entirely from their strong performance in the Accountability & Finance category. The Foundation’s commitment to transparency and responsible management is evident from their perfect scores in various key areas, including an independent board and effective financial oversight.
The organization boasts a fully independent board and has successfully maintained a robust financial structure, evidenced by a 0.00% liabilities to assets ratio and an outstanding program expense ratio of 99.33%. This indicates that the majority of their funding is directed towards fulfilling their mission rather than administrative costs, which is a strong positive for potential donors and supporters.
While the data showcases the Foundation's strengths in governance and financial management, the overview does not provide information about specific programs or outcomes they achieve within the community. This could be an area for further exploration for those interested in the impact of their initiatives. Overall, the Parks Foundation of Oak Park demonstrates a solid commitment to accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Parks Foundation Of Oak Park legitimate?
Parks Foundation Of Oak Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parks Foundation Of Oak Park submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Parks Foundation Of Oak Park?
The Parks Foundation of Oak Park is a community-focused organization, working collaboratively with residents, community groups, and partner organizations. Their primary mission is to support exceptional and extraordinary projects that aim to enhance the local parks and community life. They accomplish this by providing financial backing for initiatives that contribute to the betterment of the community, specifically in relation to the Oak Park Park District's projects, such as the construction of the Community Recreation Center.
Who is the CEO of Parks Foundation Of Oak Park?
Mike Warren is the Director of Parks Foundation Of Oak Park.
What is the revenue of Parks Foundation Of Oak Park?
Parks Foundation Of Oak Park's revenue in 2022 was $1,157,855.
Who are the executives of Parks Foundation Of Oak Park and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Parks Foundation Of Oak Park?
Parks Foundation Of Oak Park's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Parks Foundation Of Oak Park
The Parks Foundation of Oak Park is an organization dedicated to collaborating with the community, local groups, and partner organizations to support exceptional and extraordinary projects that enhance the parks and community life. Their mission is to work in unity with Oak Park residents, fostering a spirit of collaboration that leads to the improvement of public spaces and community well-being. By providing funding and resources for outstanding projects, the Parks Foundation of Oak Park seeks to elevate the quality of life in the community and inspire a sense of pride and engagement among its residents. The organization's work focuses on supporting the Oak Park Park District, with a notable project being the construction of the Park District's Community Recreation Center, which further contributes to the enhancement of community life and recreational opportunities.
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Impact
July, 2024
The Parks Foundation of Oak Park collaborates with Oak Park residents, community groups, and partner organizations to support exceptional projects that enhance our parks and community life. One of the notable impacts of the foundation is its support for the Oak Park Park District, specifically in the construction of the community recreation center. By facilitating these projects, the foundation contributes to the improvement of park infrastructure and amenities, enriching the lives of Oak Park residents and promoting community engagement.
This information is meant to be a general summary of Parks Foundation Of Oak Park. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,157,855
Assets and Liabilities:
- Total Assets: $363,705
- Total Liabilities: $0
- Net Assets: $363,705
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Organization Details
Founding Year
2011
Phone
(708) 848-0200Principal Officer
Mike Warren
Main Address
218 MADISON STREET, OAK PARK, IL, 60302
NTEE Category
Code: T30 - Philanthropy
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